Until we see the buy queue get serious (> 10 million) the price will just get kicked around by traders.
Eventually the fundamental value will shine through, until then we will have perplexing days like today.
I think this week will be bit of a write-off until serious money has a chance to decide what to do.
Remember, there are a couple of realities to sort through...
- Gas shortage is real (good thing)
- WOW! greater than 1,000 Pjoules - that's a new Cooper Basin - huge !!!!
- Wait a minute, this is ISG - didn't that get killed off in QLD ?
- Who is LCK? Do they know what they are doing?
3 and 4 might require the big investors to make a few phone calls before they commit.
These things will get sorted.
An announcement of a serious and credible player being involved will kick things along a bit.
IMO
DYOR
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neurizer ltd
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Until we see the buy queue get serious (> 10 million) the price...
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